Towry transfer delays 'not over'-Transact

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Transact has welcomed Towry's claim to have sorted out the transfer delays of former Edward Jones clients, but warns the saga has yet to be "put to bed".

Towry said it has cleared the backlog of account transfer requests from former Edward Jones clients, marking a significant milestone in the ongoing transfer saga. Chief executive Andrew Fisher says the national IFA is now dealing with "ongoing tasks associated with re-registration" and is working with platforms. "However, because of the nature of the re-registration process, some assets may still take a little while to register with the new custodian; we can do nothing about this. "We are writing to those who have asked us to close and transfer their account confirming the transfer...

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